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Shree Ram Twistex IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Shree Ram Twistex Limited is engaged in manufacturing of cotton yarn used in the textile industry. The company produces various yarn counts for weaving and knitting applications. It earns revenue from domestic sales to textile manufacturers. For FY25, it reported revenue from operations of ₹25,504.47 lakh with EBITDA of ₹2,185.26 lakh . Its installed capacity is 9,855 metric tonnes per annum with 87% utilization .
Shree Ram Twistex, an Book Built Issue, amounting to ₹
110.24 Crore,consisting entirely an fresh issue of
1.06 crore shares of ₹
110.24 crores. The subscription period for the Shree Ram Twistex IPO opens on February 23, 2026, and closes on February 25, 2026. The allotment is expected to be finalized on or about 26 February 2026, Thursday, and the shares will be listed on the NSE with a tentative listing date set on or about Monday, March 02, 2026.
The Share Price Band of Shree Ram Twistex IPO is set at ₹95 to ₹104 per equity share. The Market Capitalisation of the Shree Ram Twistex at IPO price of ₹104 per equity share will be ₹415.74 Cr. The lot size of the IPO is 144 shares. Retail investors are required to invest a minimum of ₹
14,976, 1 lots (
144 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
14 lots (
2,016 shares), amounting to ₹
209,664
Interactive Financial Services Limited, are the book running lead manager of the Shree Ram Twistex Ltd. while KFIN Technologies Limited is the registrar for the issue.
Shree Ram Twistex Limited IPO GMP Today
The Grey Market Premium of Shree Ram Twistex IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Shree Ram Twistex Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on 25 February 2026, the Shree Ram Twistex IPO live subscription status shows that the IPO subscribed 43.66 times on its Final Day of subscription period. Check the Shree Ram Twistex IPO Live Subscription Status Today at BSE.
Shree Ram Twistex Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Shree Ram Twistex IPO allotment date is 26 February 2026, Thursday, Shree Ram Twistex IPO Allotment will be out on 26 February 2026, Thursday, and will be live on Registrar Website from the allotment date.
Bigshare Services Private Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Shree Ram Twistex IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Shree Ram Twistex Limited IPO
Shree Ram Twistex to utilise the Net Proceeds towards the following objects:
1. ₹2,223.55 Lakhs is required for Funding for setting up of 6.1 MW Solar Power Plant for captive use
2. ₹3,900 Lakhs is required for Funding for setting up of 4.2 MW Wind Power Plant for captive use
3. ₹1,489.00 Lakhs is required for Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
4. ₹4,400.00 Lakhs is required for Funding the working capital requirements of our Company
5. General Corporate Purposes.
Refer to Shree Ram Twistex Limited RHP for more details about the Company.
Shree Ram Twistex Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| February 17, 2026 | ₹ 104 | ₹ 104 | ₹0(0.0%) | 18 February 2026; 04:00 PM |
Shree Ram Twistex IPO Details
| Market Capitalization | ₹415.74 Cr |
| IPO Date | February 23, 2026 to February 25, 2026 |
| Listing Date | March 02, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹95 to ₹104 per share |
| Issue Price | ₹104 per share |
| Employee Discount | NA |
| Lot Size | 144 Equity Shares |
| Total Issue Size | 1,06,00,000 Equity Shares (aggregating to ₹110.24 Cr) |
| Fresh Issue | 1,06,00,000 Equity Shares (aggregating to ₹110.24 Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | BSE & NSE |
| Share holding pre issue | 2,93,75,000 |
| Share holding post issue | 3,99,75,000 |
| Rating | Avoid |
Shree Ram Twistex IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Shree Ram Twistex IPO Timeline (Tentative Schedule)
| IPO Open Date | Mon, Feb 23, 2026 |
| IPO Close Date | Wed, Feb 25, 2026 |
| Basis of Allotment | Thu, Feb 26, 2026 |
| Initiation of Refunds | Fri, Feb 27, 2026 |
| Credit of Shares to Demat | Fri, Feb 27, 2026 |
| Listing Date | Mon, Mar 2, 2026 |
| Cut-off time for UPI mandate confirmation | Thu, Feb 26, 2026 |
Shree Ram Twistex IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 7,950,000 | Not less than 75% of the Net Offer |
| Non-Institutional Investor Portion | 1,590,000 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 1,060,000 | Not more than 10% of the Net Offer |
Shree Ram Twistex IPO Promoter Holding
| Share Holding Pre Issue | 47.07% |
| Share Holding Post Issue | 34.59% |
Shree Ram Twistex IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 144 | ₹14,976 |
| Retail (Max) | 13 | 1,872 | ₹194,688 |
| S-HNI (Min) | 14 | 2,016 | ₹209,664 |
| S-HNI (Max) | 66 | 9,504 | ₹988,416 |
| B-HNI (Min) | 67 | 9,648 | ₹1,003,392 |
Shree Ram Twistex IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 79,50,000 | 3,13,42,320 | 3.94x | 26 February 2026; 10:09 AM |
| Non Institutional Investors(NIIS) | 15,90,000 | 35,02,69,344 | 220.30x | 26 February 2026; 10:09 AM |
| Retail Individual Investors (RIIs) | 10,60,000 | 8,12,29,968 | 76.63x | 26 February 2026; 10:10 AM |
| Total | 1,06,00,000 | 46,28,41,632 | 43.66x | 26 February 2026; 10:10 AM |
About Shree Ram Twistex Limited
Shree Ram Twistex Limited is engaged in manufacturing of cotton yarn used in the textile industry. The company produces various yarn counts for weaving and knitting applications. It earns revenue from domestic sales to textile manufacturers. For FY25, it reported revenue from operations of ₹25,504.47 lakh with EBITDA of ₹2,185.26 lakh . Its installed capacity is 9,855 metric tonnes per annum with 87% utilization .
Key Clients & Manufacturing Facilities
The company caters to 45 customers as of September 30, 2025 . It operates a manufacturing facility in Gondal, Gujarat, equipped with imported machinery. The plant was commissioned in 2016 and later expanded in 2020 by adding 6 spinning machines, increasing capacity from 5,500 MT per annum to 9,855 MT per annum . The facility supports compact ring spinning operations.
Product Portfolio & Order Book
The company manufactures various cotton yarn counts used in garments, fabrics, and textile processing. Yarn forms the base raw material in the textile value chain and directly impacts product quality and durability. Capacity utilization stood at 87% in FY25 , reflecting strong demand execution. Revenue growth from ₹21,314.05 lakh in FY23 to ₹25,504.47 lakh in FY25 indicates steady order execution .
Merger, Capex & Expansion Plans
The company converted from private to public limited in September 2024 . IPO proceeds include funding of working capital and expansion. The company plans to allocate ₹2,945 lakh in FY26 and ₹4,400 lakh in FY27 from IPO funds towards growth and capital requirements . Expansion is aimed at increasing operational scale and improving working capital efficiency.
Employees & Banker
November 30, 2025, the company had 58, full time employees. The Banker to the Company is State Bank of India.
Management & Vision
The management has focused on steady expansion of spinning capacity, demonstrated by expansion in 2020 which increased production capacity to 9,855 MT per annum .
Their growth strategy includes:
- Improving capacity utilization (currently 87%)
- Expanding working capital base
- Funding growth through IPO proceeds and internal accruals
Net worth increased from ₹6,679.86 lakh in FY23 to ₹7,403.26 lakh in FY25 , showing strengthening financial position. Management plans to fund capex through IPO proceeds and internal cash accruals .
Long-term vision includes improving EBITDA margin (8.57% in FY25 vs 8.16% in FY23) and maintaining healthy ROE (11.36% in FY25) .
Industry Overview
The company operates in the Indian textile and cotton yarn industry.
India ranks as the 6th largest exporter of textiles globally, contributing 8.21% of total exports in 2023–24 . India holds 3.91% share in global textile trade .
Global demand is driven by USA and EU, accounting for 47% of India’s textile exports .
Major listed players include Ambika Cotton Mills, Damodar Industries, and Rajapalayam Mills .
Industry growth is supported by:
- Rising global apparel demand
- Government textile incentives
- Growing domestic consumption
Cotton yarn remains a key raw material in the textile value chain, making spinning companies critical to industry growth.
Major Risk Factors
- Raw Material Price Volatility
Raw cotton accounts for nearly 88% of revenue cost . Any fluctuation in cotton prices directly impacts margins and profitability. - Working Capital Intensive Business
The company maintains 30 days raw material holding . High working capital requirement can impact liquidity. - Debt Exposure
Total borrowings stood at ₹6,248.10 lakh in FY25 . High leverage can pressure cash flows. - Customer Concentration Risk
The company serves 45 customers . Loss of major customers may affect revenue. - GST Litigations
Contingent liabilities of ₹50.57 lakh exist due to tax matters , which may impact financials. - Industry Cyclicality
Textile demand depends on global consumption trends and export markets. - Dividend Uncertainty
The company has not declared dividends in recent years , affecting income-seeking investors.
Key Strengths & Opportunities
- High Capacity Utilization
Utilization at 87% in FY25 indicates strong demand and operational efficiency. - Revenue Growth Trend
Revenue increased from ₹21,314.05 lakh (FY23) to ₹25,504.47 lakh (FY25) , reflecting growth momentum. - Improving Profitability
PAT rose to ₹799.59 lakh in FY25 from ₹655.25 lakh in FY24 , showing improving margins. - Strong ROE & ROCE
ROE at 11.36% and ROCE at 13.37% in FY25 indicate efficient capital utilization. - Expansion Through IPO
Planned IPO funding of ₹2,945 lakh (FY26) and ₹4,400 lakh (FY27) supports scale expansion. - Strategic Location
Manufacturing unit in Gujarat provides access to cotton supply and textile clusters. - Industry Tailwinds
India’s growing share in global textile exports provides long-term demand support.
Shree Ram Twistex Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Sep 30, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 5,132.61 | 4,465.76 | 3,742.36 | 4,936.05 |
| Total Assets | 21,744.24 | 19,420.03 | 15,430.45 | 13,571.47 |
| Total Borrowings | 6,069.56 | 6,248.10 | 6,704.45 | 5,570.05 |
| Fixed Assets | 7,842.42 | 6,819.94 | 7,071.33 | 7,781.32 |
| Cash | 25.97 | 41.81 | 8.62 | 38.75 |
| Cash flow from operating activities | 890.90 | 2,175.51 | -491.15 | 1,006.93 |
| Cash flows from investing activities | -732.18 | -1,003.05 | -218.83 | -465.17 |
| Cash flow from financing activities | -174.57 | -1,139.27 | 679.86 | -520.65 |
| Net Borrowing | 6,043.59 | 6,206.29 | 6,695.83 | 5,531.30 |
| Revenue | 13,226.72 | 25,632.04 | 23,172.41 | 21,357.93 |
| EBITDA | 1,703.53 | 2,185.26 | 2,018.53 | 1,740.16 |
| PAT | 700.02 | 799.59 | 655.25 | 205.08 |
| PAT Margin | 5.29% | 3.12% | 2.83% | 0.96% |
| EPS | 2.38 | 2.72 | 2.23 | 0.7 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | |
| EPS Post IPO (Rs.) | |
| Adjusted 12M EPS Post IPO (Rs.) | |
| P/E Pre IPO | |
| P/E Post IPO | |
| Adjusted 12M P/E Post IPO | |
| ROE | |
| ROCE | |
| P/BV | |
| Debt/Equity | |
| RoNW | |
| EBITDA Margin | |
| PAT Margin |
Shree Ram Twistex Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|
Shree Ram Twistex Limited Contact Details
Shree Ram Twistex Limited
Phone: +91 75100 12200
Email: cs@shreeramtwistex.com
Website: http://www.shreeramtwistex.com/
Shree Ram Twistex IPO Registrar and Lead Manager(s)
Bigshare Services Private Limited
Phone: +91 22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com/
Interactive Financial Services Limited
Phone: : +91 87775 64648
Email: mbd@ifinservices.in
Website: http://www.ifinservices.in/
Shree Ram Twistex IPO Review
Shree Ram Twistex Limited is engaged in manufacturing of cotton yarn used in the textile industry. The company produces various yarn counts for weaving and knitting applications. It earns revenue from domestic sales to textile manufacturers. For FY25, it reported revenue from operations of ₹25,504.47 lakh with EBITDA of ₹2,185.26 lakh . Its installed capacity is 9,855 metric tonnes per annum with 87% utilization .
The Company is led by Promoter, i.e.,MR. PRADEEP KUMAR VERMA AND MRS. SHALINI SINGH
The Revenues from operations for the Period ended on Sec 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 13,226.72 Lakh, ₹ 25,632.04 Lakh, ₹ 23,172.41 Lakh, and ₹ 21,357.93 Lakh, The EBITDA for the Period ended on Sec 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,703.53 Lakh, ₹ 2,185.26 Lakh, ₹ 2,018.53 Lakh, and ₹ 1,740.16 Lakh, The Profit after Tax for the Period ended on Sec 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 700.02 Lakh, ₹ 799.59 Lakh, ₹ 655.25 Lakh, and ₹ 205.08 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 2.72 and post-issue EPS of ₹ 2.00 ₹ for FY25. The pre-issue P/E ratio is 38.24x,while the post-issue P/E ratio is 51.99x against the Industry P/E ratio is 3.41x The company's ROE for FY25 is 11.36% and RoNW is 11.36%The Annualised EPS is ₹ 3.50x and P/E is ₹ 29.69x, These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Shree Ram Twistex showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Shree Ram Twistex Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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